NOT LISTED FOR SALE

0 Road N 8 Loop Lot Unit 19 702724 Cortez, CO 81321

Estimated Value: $78,000 - $477,000

3.02 Acres
$91,887 Price per Acre
131,551 Sq Ft Lot

Last Sold July 21, 2017

Last sale price $53,500

Est. 419% increase in value since last sale

Current estimated payment $1,677/month

854 Days on Market

Highlights

  • Horses Allowed On Property
  • Corner Lot
  • 3 Irrigated Acres
  • Mountain View
  • Pasture
  • Lot Has A Rolling Slope

About This Lot

As of July 2017

AMAZING OPPORTUNITY! Be a new homeowner in a gorgeous subdivision known as Lebanon Estates. 3 acre parcel with all utilities accessible as well as includes irrigation water for that lush green look. Enjoy your new home in a neighborhood of high quality custom built homes overlooking various mountain ranges. Cows and horses are allowed as well.

Last Agent to Sell the Property

Robin Rice

eXp Realty, LLC Listed on: 02/24/2015

eXp Realty, LLC

Last Buyer's Agent

Michelle Brown

Blackmore Group

Property Details

Property Type

  • Land

Lot Details

  • 3.02 Acre Lot
  • Lot Dimensions are 324.15 x 407.30
  • Corner Lot
  • Lot Has A Rolling Slope
  • Cleared Lot

HOA Fees

  • $25 Monthly HOA Fees

Schools

  • Lewis-Arriola K-5 Elementary School
  • Cortez 6-8 Middle School
  • Montezuma-Cortez 9-12 High School

Farming

  • 3 Irrigated Acres
  • Pasture
  • Cattle

Utilities

  • Irrigation Water Rights
  • Engineered Septic
  • Phone Available

Additional Features

  • Mountain Views
  • Mineral Rights
  • Horses Allowed On Property

Community Details

  • Association fees include irrigation, road maintenance
  • Lebanon Estates HOA & Wua HOA

Listing and Financial Details

  • Security Deposit $1,000
  • Assessor Parcel Number 561102201019

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Class: Land
  • Em Holder: C-21 West Slope Realty
  • Legal Lot Block: Lebanon Estates Major Lot: 19 3.03 ac 2-36-16
  • Livestock Allowed: Cattle, Horses
  • Lot Dimension: 324.15 x 407.30
  • Lot Size Acreage: 1-5 Acres
  • Parcel Id Number: 561102201019
  • Property Description: Cleared, Corner, Pasture
  • Street Descriptionaccess: County, Paved, 150'+ Frontage
  • Tax Account Id: R015599
  • Zoning: Residential Single Family
  • HOA Fee Frequency: Annually
  • Domestic Sewer: Engineered Septic
  • Domestic Water: Public, Tap Available
  • Type: Residential
  • Estimated Irrigation Acres: 3
  • Estimated Total Acres: 3.02
  • Current Property Use: Residential Single Family
  • Em Deposit: 1000
  • Possible Property Use: Residential Single Family, Ag/Row Crops, Aglivestock, Pasture (irrigated)
  • Water Rights Irrigation: Yes
  • Irrigation Systemrights: Owned
  • Irr Water Descamnt: 2 sh WUA
  • Mineral Rights: Yes
  • Topography: Rolling
  • Price per Sq Ft: 0.42
  • Sold Priceacre: 17715.23
  • Water Tap Available: Yes
  • Total Taxes Dollar: 1,020.16
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Views: Mountains

Utilities

  • Utilities: Electricity Near, Phone Near
  • Electric Supplier: Empire Electric Association, Inc
  • Gas Supplier: Propane
  • Irrigation Water District: MVI
  • Water Supplier: Montezuma Water Company

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Irrigation, Road Maintenance
  • Hoametro Fees: 299.53
  • Hoa Name: Lebanon Estates HOA & WUA

Schools

  • High School: Montezuma-Cortez 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2016

MLS Schools

  • Elementary School: Lewis-Arriola K-5
  • Middle School: Cortez 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2015
Closed on
Jul 18, 2017
Sold by
Tucker Joyce M and Murray Joyce M
Bought by
Rankin Randy L and Rankin Theresa A
Seller's Agent
Robin Rice
eXp Realty, LLC
Buyer's Agent
Michelle Brown
Blackmore Group
List Price
$66,900
Sold Price
$53,500
Premium/Discount to List
-$13,400
-20.03%
Current Estimated Value
$277,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,000
Avg. Annual Appreciation
21.71%
Original Mortgage
$40,125
Outstanding Balance
$33,337
Interest Rate
3.89%
Mortgage Type
Commercial
Estimated Equity
$244,163

Purchase Details

Closed on
Jul 27, 2016
Sold by
Joyce M Murray Pc
Bought by
Tucker Joyce M and Murray Joyce M

Purchase Details

Closed on
Aug 31, 2006
Sold by
Haybridge Properties Llc
Bought by
Murray Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rankin Randy L $53,500 Colorado Title & Closing Svc
Tucker Joyce M -- None Available
Murray Joyce M $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rankin Randy L $40,125
Previous Owner Murray Joyce M $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2017 07/21/17 Sold $53,500 -20.0% --
06/27/2017 06/27/17 Pending -- -- --
02/24/2015 02/24/15 For Sale $66,900 -- --
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,299 $44,579 $3,987 $40,592
2023 $2,299 $48,957 $4,378 $44,579
2022 $1,813 $136,037 $15,950 $120,087
2021 $1,846 $136,037 $15,950 $120,087
2020 $909 $17,110 $17,110 $0
2019 $907 $17,110 $17,110 $0
2018 $942 $33,610 $0 $0
2017 $931 $17,110 $17,110 $0
2016 $1,020 $19,140 $19,140 $0
2015 $1,007 $104,280 $0 $0
2014 $983 $19,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 702724

Colorado Real Estate Network (CREN)

APN: R015599